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    Carver Roboweld IPO

    Updated 22 Oct 2026, 6:50 pm.

    Open Demat Account
    GMP disclaimer: GMP is unofficial and unregulated. It is not a recommendation or a reliable estimate of listing price or returns. Consider the RHP and your own risk assessment before applying.

    Minimum investment

    Not yet published

    Price band

    TBA

    Latest GMP

    ₹0

    Est. listing price

    —

    Issue size

    —

    Allotment status

    Allotment is due on 2 Nov 2026. Check it on the registrar's page or either exchange with your PAN or application number.

    1. Allotment finalised2 Nov 2026(upcoming)
    2. Refunds start2 Nov 2026(upcoming)
    3. Shares credited to demat3 Nov 2026(upcoming)
    4. Listing4 Nov 2026(upcoming)

    GMP history

    Each point is a recorded observation from the scheduled data sync.

    ObservedGMPEst. listing price
    22 Oct 2026, 6:50 pm₹0—
    22 Oct 2026, 6:45 pm₹0—
    22 Oct 2026, 1:50 pm₹0—
    22 Oct 2026, 1:45 pm₹0—

    GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.

    Issue details

    Board
    SME
    Price band
    TBA
    Issue size
    —
    Lot size
    Not disclosed
    Opens
    28 Oct 2026
    Closes
    30 Oct 2026
    Allotment
    2 Nov 2026
    Listing
    4 Nov 2026
    Est. listing price
    —
    Listing price
    Awaited
    Listing gain
    Awaited
    Registrar
    Bigshare Services Pvt.Ltd.
    Face value
    ₹10 per share
    Issue type
    Bookbuilding IPO
    Sale type
    Fresh capital only
    Listing at
    BSE SME
    Refunds
    2 Nov 2026
    Shares credited
    3 Nov 2026
    Promoter holding
    90.07% before · — after
    Lead managers
    Smart Horizon Capital Advisors Pvt.Ltd.

    Full issue details

    Details as published for this issue, read 22 Oct 2026, 2:05 pm. Verify against the RHP before applying.

    IPO Details

    IPO Date28 to 30 Oct, 2026
    Listing DateWed, Nov 4, 2026 (tentative)
    Face Value₹ 10 per share
    Price Band—
    Sale TypeFresh capital only
    Issue TypeBookbuilding IPO
    Listing AtBSE SME
    Total Issue Size35,36,000 shares (agg. up to ₹ [.] Cr)
    Reserved for Market Maker1,77,600 shares (agg. up to ₹ [.] Cr) Shreni Shares Ltd.
    Fresh Issue (Ex Market Maker)33,58,400 shares (agg. up to ₹ [.] Cr)
    Net Offered to Public33,58,400 shares (agg. up to ₹ [.] Cr)
    Share Holding Pre Issue95,66,805 shares
    Share Holding Post Issue1,31,02,805 shares

    IPO Timetable (Tentative)

    IPO Open
    Wed, Oct 28, 2026
    IPO Close
    Fri, Oct 30, 2026
    Allotment
    Mon, Nov 2, 2026
    Refund
    Mon, Nov 2, 2026
    Credit of Shares
    Tue, Nov 3, 2026
    Listing
    Wed, Nov 4, 2026

    Issue Reservation

    • QIB47.10%
    • NII (HNI)14.48%
    • Retail33.39%
    • Market Maker5.02%
    Issue Reservation: Share of the issue reserved for each investor category. Figures as published in the table below.
    Investor CategoryShares% of Net Issue% of Total Issue
    QIB16,65,60049.60%47.10%
    - Anchor Investor9,96,800—28.19%
    - QIB (Ex. Anchor)6,68,800—18.91%
    NII (HNI)5,12,00015.25%14.48%
    - bNII > ₹10L3,40,800—9.64%
    - sNII < ₹10L1,71,200—4.84%
    Retail11,80,80035.16%33.39%
    Firm Reservations
    Market Maker1,77,600—5.02%
    Total35,36,000100.00%100.00%

    Carver Roboweld IPO comprises a total issue size of 35,36,000 shares. The net offer to the public is 33,58,400 shares, after excluding 1,77,600 shares allotted on a firm basis. Of the Net offer 16,65,600 (49.60%) are allocated to QIB , 5,12,000 (15.25%) allocated to NII 11,80,800 (35.16%) allocated to RII .

    About Carver Roboweld Ltd.

    Incorporated in August 2009, Carver Roboweld Limited is engaged in the manufacturing of welding consumables, including Metal Cored Wires, Welding Rods and Gauging Electrodes, along with the supply of welding spare parts and accessories. The Company has also expanded its offerings to provide value-added engineering solutions to the forging industry, including forging die regeneration and welding robot rental services.

    The Company operates its primary manufacturing facility in Bamanbore, Rajkot, Gujarat, with additional service units in Pune, Hosur and Ludhiana, enabling it to serve customers across key industrial markets in India. As of July 11, 2026, the Company had an aggregate installed production capacity of 650 tonnes per annum for Metal Cored Wires and Welding Rods, reflecting a capacity CAGR of approximately 30% between Fiscal 2025 and Fiscal 2026.

    Through its subsidiary, Carver Engineering Private Limited, acquired in September 2025, the Company also provides re-conditioning and refurbishment services for plant and machinery across industries such as forging, casting, cement, steel, sugar, power, petroleum, automotive and fabrication. Its engineering services include heavy-duty machining, structural fabrication, repair and refurbishment of hammers and components, and turnkey engineering projects.

    The Company has a presence across several Indian states and caters to industrial customers through its welding consumables and engineering solutions. It is ISO 9001:2015 certified and is a Sustaining Corporate Member of the American Welding Society (AWS), reflecting its focus on quality management and adherence to international welding standards.

    As of June 30, 2026, the Company had 68 permanent employees and 75 contract workers.

    Competitive Strengths

    Strategically located manufacturing facility and service units.

    Strategic market coverage across domestic industrial markets.

    Focus on meeting customer specifications and quality standards.

    Integrated manufacturing and value-added engineering service capabilities.

    Experienced promoter and management team with strong welding industry expertise.

    Robot rental model supporting long-term customer engagement and recurring revenue.

    Company Financials (Restated Consolidated)

    Total Income

    31 Mar 202421.67
    31 Mar 202524.97
    31 Mar 202627.12
    30 Jun 2026part period7.71

    Profit After Tax

    31 Mar 20241.01
    31 Mar 20251.45
    31 Mar 20263.48
    30 Jun 2026part period1.49

    EBITDA

    31 Mar 20244.12
    31 Mar 20254.92
    31 Mar 20268.36
    30 Jun 2026part period2.84

    NET Worth

    31 Mar 20243.11
    31 Mar 20254.56
    31 Mar 202616.13
    30 Jun 2026part period17.62
    Company Financials (Restated Consolidated): Each line is scaled to its own largest period, ₹ crore - compare periods within a line, not one line against another. The muted bar is a part period, not a full year - it is shorter, not smaller. Figures as published in the table below.
    Period Ended30 Jun 202631 Mar 202631 Mar 202531 Mar 2024
    Assets39.4538.2632.6921.59
    Total Income7.7127.1224.9721.67
    Profit After Tax1.493.481.451.01
    EBITDA2.848.364.924.12
    NET Worth17.6216.134.563.11
    Reserves and Surplus9.628.423.612.16
    Total Borrowing12.2715.6522.3213.39
    Amount in ₹ Crore

    Carver Roboweld Ltd.'s revenue increased by 9% and profit after tax (PAT) rose by 140% between the financial year ending with March 31, 2026 and March 31, 2025.

    Note:-

    Adjusted EBITDA is given.

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    IPO Objects of the Issue

    Funding the capital expenditure requirements of the Company towards the purchase of Welding Robots11.99
    Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company from banks and financial institutions8.60
    IPO Objects of the Issue: What the proceeds are earmarked for (₹ Cr.). Figures as published in the table below.
    #Issue ObjectsEst Amt (₹ Cr.)
    1Funding the capital expenditure requirements of the Company towards the purchase of Welding Robots11.99
    2Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company from banks and financial institutions8.60
    3General Corporate Purpose—
    Total20.59

    The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

    Key Performance Indicator (KPI)

    ROE

    Jun 30, 2026part period8.48%
    Mar 31, 202633.63%

    ROCE

    Jun 30, 2026part period8.27%
    Mar 31, 202621.64%

    RoNW

    Jun 30, 2026part period8.48%
    Mar 31, 202621.57%

    PAT Margin

    Jun 30, 2026part period19.37%
    Mar 31, 202612.87%

    EBITDA Margin

    Jun 30, 2026part period36.90%
    Mar 31, 202630.94%
    Key Performance Indicator (KPI): The percentage ratios only; the table's absolute figures stay in the table. The muted bar is a part period, not a full year - it is shorter, not smaller. Figures as published in the table below.
    KPIMar 31, 2026Jun 30, 2026
    ROE33.63%8.48%
    ROCE21.64%8.27%
    Debt/Equity0.970.70
    RoNW21.57%8.48%
    PAT Margin12.87%19.37%
    EBITDA Margin30.94%36.90%
    NAV17.5418.42

    Check IPO Peer Comparison here.

    IPO Valuation

    Valuation MetricPre IPOPost IPO
    EPS (₹)3.642.65

    Shareholding Structure

    Pre IPO

    • Promoter and Promoter Group90.07%
    • Public9.93%
    Shareholding Structure: Who holds the company before and after the issue. Figures as published in the table below.
    CategoryPre IPOPost IPO
    Promoter and Promoter Group90.07%—
    Public9.93%—
    Total100%—

    Company Promoters: Ranjit Chandrabhai Bose, Rajit Chandra Bose and Deval Ranjitbhai Bose.

    Carver Roboweld IPO Recommendations

    Review BySubscribeMay ApplyNeutralAvoid
    Brokers0000
    Members0000

    IPO Registrar

    Bigshare Services Pvt.Ltd.

    8657578989/8069219065/8069219060

    ipo@bigshareonline.com

    IPO Lead Manager(s)

    Smart Horizon Capital Advisors Pvt.Ltd.

    Contact Details

    Carver Roboweld Ltd. Address

    Office no. 1403, Space Odyssey

    Near KKV Hall, 150 Feet Ring Road

    Mota Mava

    Rajkot, Gujarat , 360005

    9727797000

    investor@carver.co.in

    Carver Roboweld IPO in the news

    Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.

    No coverage found yet.

    FAQ

    Carver Roboweld: common questions

    Answered from this issue's own record.

    The issue opens on 28 Oct 2026 and closes on 30 Oct 2026, with listing expected on 4 Nov 2026.